Custom-Made Independent Contractor Non-Disclosure Agreement Template
An NDA centers around privacy and security of information. Thus, when an NDA is entered into by two parties, the receiving party is obligated to keep any shared sensitive information private, and any disclosure will be a breach of contract, attracting numerous penalties and legal ramifications. In this case, an NDA with another party will work to protect sensitive information and prevent it from reaching the wrong parties.
For example, a security organization holding sensitive information about private individuals may enter into an NDA with a software engineer they may contract, in order to protect people’s data.
This NDA between businesses and independent contractors is important as it provides for instances where a contractor may have become privy to sensitive company information and the company wishes to ensure the security of the knowledge and avoid unsanctioned disclosure.